It would boast 240 apartments, according to city documents. That could include about 100 one-bedroom apartments, 60 two-bedroom units, more than 60 studio apartments and 20 four-bedroom apartments. Rents would range from $885 a month for a studio to $2,500 for a four-bedroom.

It would be a “lease-by-the-bed” operation, city documents said. Each roommate would sign a lease for his or her portion of the rent. The leases are typically guaranteed by students’ parents.

There would be a pool, outdoor recreation area and bike storage. The complex would also include space for startup businesses, which could be generated by Creighton’s business school, Hadley said.

There would be surface parking lots to the north, across Nicholas Street, and to the east, across Florence Boulevard.

The development would cost about $31 million. The Vecino Group is seeking up to $5.4 million in tax-increment financing.

The Planning Board voted Wednesday to recommend that the Omaha City Council approve a redevelopment plan and the tax-increment financing for the project.

The name of the development may ring a bell with people who have been around Omaha for a while. It caused a degree of mirth at the Planning Board’s pre-meeting. Longtime Omahans may recall The Muse Theater, which provided entertainment at 24th and Farnam Streets for many years, until closing in 1984. In the 1960s, ’70s and early ’80s, it showed adult films.

The TIF would go toward site acquisition and environmental, architectural and engineering costs. Part of the site operated as the Omaha Motor Railroad Co. in the 1890s, the city documents say. An environmental study found various contaminants in the soil that would require remediation.

The site is about a mile from the Creighton University Medical Center, which another developer plans to turn into 700-plus apartments after the hospital relocates this year.

Omaha Planning Director James Thele said real estate developers’ market studies indicate demand for more housing in the area.

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The latest competitive move comes this summer, when the University of Nebraska-Lincoln College of Business Administration occupies its new home at 14th and Vine Streets, just down the block from Memorial Stadium.